Angus Energy Share Discussion Threads

[3put] 19/1/2022 21:16

WG claiming on lse there is a Russian or Chinese asset. The only Russian asset I can see is JT and his multiple aliases

[3put] 19/1/2022 21:02

'Snakes pass' all I've seem is deramping with your chums. That makes you lower than snakes balls , all imo

[3put] 19/1/2022 21:01

I have raised the prosepct a few times that the lenders may see re-negotiating the loan as the least worst option (probably with sufficient equity kickbacks included of course.

-- why would they do that. Firstbgas is a few weeks away and we have the warrant cash coming ?

After thr recent 100% raise , you must still feel there is an upside if you keep invested. What is it ?

[3put] 19/1/2022 21:00

JT As I've said we'll have to see where the dilapidated Anguish Bus goes as it weaves it's way slowly along Snake Pass - you have said the same for months. You have also said placing and p&d every day. Is that balanced ?

[3put] 19/1/2022 20:59

Despite the cheerleader's claims, I can't think Good Old George went to all that trouble ahead of the AGM just for the Hell of it... clearly there was a financial squeeze that needed urgent attention IMHO! --- Why stay invested then. Sell up and buy something else?

[3put] 19/1/2022 20:58

Personally, I think it more likely that 0.60p is incoming - We have just turned down 1.5p a share. Should that offer have been accepted ?

[3put] 19/1/2022 20:57

Is it 10p incoming... or 5p incoming... or 3p incoming... or 2p incoming? I lose track of what the Cheerleaders are proposing day to day. They change their tune so often!?!?

-- JT said 0.5 was coming we have bagged since. Nit just the rampers crystal ball that's broke , is it ? What

[1347] 19/1/2022 20:57

JT As I've said we'll have to see where the dilapidated Anguish Bus goes as it weaves it's way slowly along Snake Pass while trying to avoid going over the edge. However I have raised the prosepct a few times that the lenders may see re-negotiating the loan as the least worst option (probably with sufficient equity kickbacks included of course.

[clottedq] 19/1/2022 20:53

Is it 10p incoming... or 5p incoming... or 3p incoming... or 2p incoming? I lose track of what the Cheerleaders are proposing day to day. They change their tune so often!?!?!

Personally, I think it more likely that 0.60p is incoming - when George releases the next placing news which he arranged an extraordinary general meeting to be able to execute on.

Despite the cheerleader's claims, I can't think Good Old George went to all that trouble ahead of the AGM just for the Hell of it... clearly there was a financial squeeze that needed urgent attention IMHO!

CQ ;-)

[3put] 19/1/2022 20:49

JT, I would love nothing more than for George to prove me wrong and pull a fast one here

Cq, you could make an argument he has already done thag by listening to the shareholders and encouraging bidders.

[3put] 19/1/2022 20:47

Perhaps they’ll agree to extend Angus some more money: I think this is actually the most sensible and likely outcome. --- why would they do that if warrant cash is coming ?

[jtidsbadly] 19/1/2022 20:22

1347: no, I haven’t seen you use the term, though it’s a widely understood shorthand for the characteristics you occasionally describe. I don’t use the term Dunning Kruger effect (yes, I had to look it up again!) though what I’m describing is often identifiable with it.

If, as I suggested earlier, the Debenture holders end up feeling obliged to enable Anguish to get to first gas by May/June with a further injection of finance, there will be a quid pro quo. It won’t be unmitigated good news for Anguish shareholders. And it won’t change the risks inherent with oil and gas, that the wells and the sidetrack won’t produce enough gas in time to rescue them.

[1347] 19/1/2022 20:05

JT I am not aware that I've used the term conspiracy have I? Otherwise, yes agreed, the Dunning-Kruger effect is very much in evidence here, as often seems to be the case with Etonians, Boorish Johnson and his acolytes being prime examples.

[runner2018] 19/1/2022 20:04

this has more steam to run yet just looking technically and the trade data

[clottedq] 19/1/2022 19:57

JT,

I would love nothing more than for George to prove me wrong and pull a fast one here:

Since...

1) Otherwise, it keeps AIM's diabolical reputation intact!

2) It might help some LTH's escape with less of a loss than they would otherwise suffer (myself included)!

3) I've never seen a pig fly and would dearly love to witness it!

CQ ;-)

[jtidsbadly] 19/1/2022 19:40

1347: as you know, I think conspiracy theories involving these bozos make the assumption that they’re smarter and better-organised than they really are. I think they make it up as they go along. It’s one short-term expedient after another, all with the same aim: to keep them in their jobs for a bit longer.

[1347] 19/1/2022 18:59

HITS I am not aware of any rule that prevents funds being raised or shares being issued if in a takeover situation but if you want to wade through the full code then be my guest.



JT HITS is the man for lobster pots. Some time could also be a year or so, when the placings happened (with warrants). However, as we've found out previously, little with Anguish is ever as it initially appears is it?

[jtidsbadly] 19/1/2022 18:39

HITS: they’ve presumably still got the sidetrack money, or part of it after ordering that wheel thing from the US for the top of the rig that’s still missing. They won’t need that (the money or the wheel thing) for three or four months, which may give them breathing space. Though its possible it’s been spent. If it has, there may be a problem. We won’t know until they think we need to, will we? Maybe they’re expecting the Lenders to take some action to mitigate their (the Lenders’) potential losses on the hedges that they might suffer in the event that no gas is produced and that the Lenders have arranged offsetting forward deals on the back of its Anguish hedges. It could be cheaper for the Lenders to take the thing over. However, would they be able to progress it more quickly if they did take it over, with all the permissions required etc. Perhaps they’ll agree to extend Angus some more money: I think this is actually the most sensible and likely outcome.

[jtidsbadly] 19/1/2022 18:18

1347: technically they've got a bid but it can be withdrawn. Sound Energy’s share price appears to have closed at 1.3p on 30 November. It was 2.3p the day before the bid. Perhaps “some time” refers to the intervening two months? And perhaps among the Angus shareholders who’ve accepted the bid is one whose family members have managed thereby to escape the lobsterpot intact?

I can’t take it seriously. There’s no synergy at all. I hate to disagree with the knowledgeable Malcy in this. They both appear to be short of cash and this bid doesn’t address that. You could argue that Sound Energy is doing no more than the lowing herd on the other site and gambling on Angus achieving enough gas in time to exceed its obligations. It’s hard to see Anguish shareholders going for it though. There will be an enormous overhang of Sound shares if it goes through and Sound shares are arguably a fair bit too expensive already.

[headinthesand] 19/1/2022 18:15

Can anyone here with a shred of sanity (that's half the posters here excluded then) tell me if it's within the bounds of any likelihood that ANGS would look to raise more cash via a placing of newly issued shares whilst in the middle of a formal consideration of sale process?

All the signs (including its own RNSed comments) point to it needing yet more cash to progress Poundland further (and as we all know, it needs to do that bloody quickly)... but has this announcement of an FSP effectively forced ANGS into a delay on being able to get its hands on the extra shekels seemingly very clearly required?

[1347] 19/1/2022 17:16

JT Well they are not exactly pretending are they, they do actually have a bid, though not an attractive one in my view, just a confetti swap. I struggle to see any real synergy between these two companies other than they are both into gas and both carrying signficant debt, earmarked for specific projects.

The interesting thing is that Sound Energy indicate that they have been looking at this 'for some time'. It may of course be purely coincidental that several large holders, having acquired shares (with warrants) in placings around a year or so ago, are now backing the deal.

We'll have to see what happens as we meander along Snake Pass in the dark with the lights off and an interim bus driver at the wheel but it doesn't solve Anguish Energy's immediate problem of needing more cash to cover the latest cost overrun and those loan covenants does it?

[3put] 19/1/2022 16:31

Looks like warrants coming

[jtidsbadly] 19/1/2022 16:30

1347: if those represent a full definition of the term, then a pump and dump seems to be quite lawful, what? I can’t see anything there that outlaws pretending you’ve got a bid at a high price, and stuffing the gullible mug punters in the resulting ramp.